According to IFRC, by having enough competencies as well as managing capability, the number of women taking on the position as CEO in listed company has been increased by nearly double from 38 women CEO among 726 listed companies in 2013 to 73 women CEO over the total of 820 listed companies in 2019. The percentage of Vietnamese women CEO represented 5.2% in 2013 and hit the peak of nearly 9% in 2019.
Those figures have proved the fact that women are gradually taking different important roles and reducing the gender gap in the workplace. However, another concern has been raised that whether the presence of women CEO contribute to the company’s development and prosperity. And the answer is completely yes due to the outperformance of “Vietnamese Women CEO Indexes” compared to VNI-Indexes that has been observed during the last 10 years.
Firstly, “Vietnamese Women CEO Indexes” was launched by IFRC (Intelligent Financial Research and Consulting Company) in 2013 and the back-testing period started at the end of 2008.
Regarding to the benchmark indexes, The “Vietnamese Women CEO Index” began with the based value of 1000 points and closed at 9311 points at the end of 2019. The average annual return of this benchmark indexes is 20% compared to the return of 6.8% of VNI Index over the last 10 years (from 2009 to 2019). Especially in 2019, the Women CEO Index outperformed the Vietnam Market index, VNI with the value of 12.8% compared to 6.7% respectively.
The same as benchmark indexes, tradable indexes, the “Vietnamese Top 10 Women CEO Index” delivers a superior average annual return which is 15% compared to the return of 5.3% of VN 30 Index.
Altogether, both benchmark and tradable indexes of Vietnamese women CEO generates significant higher annual return. The annual access return of “Vietnamese women CEO Indexes” is 10%-14% superior than VNI Indexes in general.
At the moment, IFRC and RMIT are working together to figure out the reasons behind this outstanding performance of Vietnamese listed firms running by women CEO.